One has just been sent out as a biblical dove, has found nothing green, and slips back
into the darkness of the ark -- Kafka

Monday, July 31, 2017

"Clips" from Wolfgang Streeck's HOW WILL CAPITALISM END?

Not much on politics or economics (other than the small circle of Home). Still, with so many friends and relatives "hammering" and "clamoring" about the mess we're in, I took up Wolfgang Streeck to see if he could make any sense of it all. Anyway, I'm plodding along -- in between my preferred "literary" stuff -- and there's lots of "clipping," though I'll only post a small sample (two today, more as I go ...).

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The end of capitalism can then be imagined as a death from a thousand cuts, or from a multiplicity of infirmities each of which will be all the more untreatable as all will demand treatment at the same time.

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Since 2008, we have lived in a fourth stage of the post-1970s crisis sequence, and the by now familiar dialectic of problems treated with solutions that turn into problems themselves is again making itself felt. The three apocalyptic horsemen of contemporary capitalism –stagnation, debt, inequality –are continuing to devastate the economic and political landscape.